ZK International Group Co., Ltd. Granted Exception By Nasdaq Staff Regarding Form 20-F Filing, Terms Of The Exception Require The Company To File The Form By June 7, 2024, As Mandated By The Rule
Portfolio Pulse from Benzinga Newsdesk
ZK International Group Co., Ltd. (ZKIN) has been granted an exception by Nasdaq Staff for its delayed Form 20-F filing for the period ended September 30, 2023. The company must file the Form by June 7, 2024, to avoid potential delisting. This decision comes after ZKIN was notified of non-compliance with Nasdaq's filing requirements. The company is committed to transparency and compliance, aiming to meet the requirements for maintaining its Nasdaq listing.
May 06, 2024 | 4:20 pm
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ZK International Group Co., Ltd. has been granted a deadline extension by Nasdaq to file its Form 20-F by June 7, 2024, after being notified of non-compliance due to a delayed filing.
The news of being granted an exception by Nasdaq is likely to be viewed positively by investors as it provides ZKIN additional time to comply with filing requirements, potentially avoiding delisting. This could lead to a short-term positive sentiment among investors, reflecting an increase in stock price. However, the underlying issue of delayed filing might raise concerns about the company's internal processes, which could temper the positive impact.
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